CYJELO: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
CYJELO
Largest movements
- Tangible fixed assets -€39,852
down €39,852 (-3.4%), from €1.2m to €1.1m
- Cash +€21,545
up €21,545 (+14.7%), from €146,906 to €168,450
mainly Depreciation (+€39,852) and Net result for the year (+€26,172)
- Debts after one year -€43,333
down €43,333 (-3.5%), from €1.2m to €1.2m
- Reserves +€26,172
up €26,172 (+9.6%), from €273,144 to €299,316
of which Distributable reserves: +€36,279
- Financial charges -€25,104
down €25,104 (-37.6%), from €66,811 to €41,707
- Taxes +€11,618
up €11,618 (+228.9%), from €5,075 to €16,693
- Gross operating margin +€4,009
up €4,009 (+3.4%), from €118,095 to €122,105
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,646,098 | €1,626,068 | -€20,030 | -1.2% |
| Fixed assets | 21/28 | €1,484,538 | €1,444,685 | -€39,852 | -2.7% |
| Tangible fixed assets | 22/27 | €1,184,538 | €1,144,685 | -€39,852 | -3.4% |
| Land and buildings | 22 | €1,184,538 | €1,144,685 | -€39,852 | -3.4% |
| Financial fixed assets | 28 | €300,000 | €300,000 | = | 0.0% |
| Current assets | 29/58 | €161,560 | €181,383 | +€19,823 | +12.3% |
| Amounts receivable within one year | 40/41 | €14,654 | €12,932 | -€1,722 | -11.8% |
| Trade receivables | 40 | €10,454 | €10,679 | +€225 | +2.2% |
| Other amounts receivable | 41 | €4,201 | €2,253 | -€1,947 | -46.4% |
| Cash at bank and in hand | 54/58 | €146,906 | €168,450 | +€21,545 | +14.7% |
| Total equity and liabilities | 10/49 | €1,646,098 | €1,626,068 | -€20,030 | -1.2% |
| Equity | 10/15 | €335,144 | €361,316 | +€26,172 | +7.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €273,144 | €299,316 | +€26,172 | +9.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €150,923 | €140,816 | -€10,107 | -6.7% |
| Distributable reserves | 133 | €116,022 | €152,300 | +€36,279 | +31.3% |
| Provisions and deferred taxes | 16 | €50,308 | €46,939 | -€3,369 | -6.7% |
| Deferred taxes | 168 | €50,308 | €46,939 | -€3,369 | -6.7% |
| Amounts payable | 17/49 | €1,260,646 | €1,217,813 | -€42,833 | -3.4% |
| Amounts payable after more than one year | 17 | €1,224,167 | €1,180,833 | -€43,333 | -3.5% |
| Financial debts | 170/4 | €1,224,167 | €1,180,833 | -€43,333 | -3.5% |
| Amounts payable within one year | 42/48 | €18,183 | €20,803 | +€2,620 | +14.4% |
| Trade debts | 44 | €18,183 | €20,803 | +€2,620 | +14.4% |
| Suppliers | 440/4 | €18,183 | €20,803 | +€2,620 | +14.4% |
| Accrued charges and deferred income | 492/3 | €18,296 | €16,176 | -€2,119 | -11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,852 | €39,852 | = | 0.0% |
| Other operating charges | 640/8 | €1,218 | €1,048 | -€169 | -13.9% |
| Gross operating margin | 9900 | €118,095 | €122,105 | +€4,009 | +3.4% |
| Operating profit (loss) | 9901 | €77,025 | €81,204 | +€4,179 | +5.4% |
| Financial charges | 65/66B | €66,811 | €41,707 | -€25,104 | -37.6% |
| Recurring financial charges | 65 | €66,811 | €41,707 | -€25,104 | -37.6% |
| Profit (loss) for the period before taxes | 9903 | €10,214 | €39,496 | +€29,282 | +286.7% |
| Transfer from deferred taxes | 780 | €3,369 | €3,369 | = | 0.0% |
| Income taxes | 67/77 | €5,075 | €16,693 | +€11,618 | +228.9% |
| Profit (loss) for the period | 9904 | €8,508 | €26,172 | +€17,664 | +207.6% |
| Transfer from tax-exempt reserves | 789 | €10,107 | €10,107 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,614 | €36,279 | +€17,664 | +94.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.